Michael Jordan earned more than quadruple his NBA career salary in 2022 due to a long-standing licensing agreement.
MJ reportedly receives 5% of Jordan Brand's $5.1 billion Nike sales for the fiscal year 2022. In 1984, the year of his first NBA season, the Michael Jordan-Nike partnership was established, as reported by Front Office Sports.
These numbers suggest that by allowing Nike to use his brand, Jordan may have made $256.1 million in 2022. Forbes estimates Michael Jordan's Net Worth to be $1.7 billion.
In 2021, Jordan Brand earned $4.8 billion, increasing 31% from the $3.6 billion it acquired in 2020. Michael Jordan, who currently owns the Charlotte Hornets, earned $90 million in compensation throughout his illustrious NBA career. He played for the Chicago Bulls (13 seasons) and Washington Wizards (two seasons).
In the last five years of the Nike sales reporting, the Jordan Brand made $19.4 billion, which is included in Michael Jordan's Net Worth.
Legacy Beyond Basketball
A movie on the partnership between Jordan and Nike has been developed. It is directed by Ben Affleck, who also portrays Phil Knight, the co-founder of Nike. The narrative centers on how Nike's then-young basketball division signed Jordan when he was a rookie, which set the stage for what would become one of the most profitable athlete-brand partnerships in history.
Michael Jordan played a significant role in the NBA's meteoric rise to fame in the 1990s. He attracted viewers all over the world with his consistently excellent performance on the hardcourt and mysterious appeal, according to Essentially Sports. The basketball legend won six championships before retiring for good in 2003. But the Michael Jordan Nike business partnership continued.
Michael Jordan's NIL (Name, Image, and Likeness) contract offers a glimpse into the future as NIL agreements become more common, even among collegiate players, per Outkick.
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